The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 during the period of recession.
The bureau in the report which was made available to our correspondent said the economy further consolidated it’s recovery from recession with GDP growing by 1.92 per cent in the fourth quarter of 2017, as against 1.4 per cent in the third quarter.
The NBS report said GDP growth in the fourth quarter of 2017 was driven by growth in crop production, crude production and natural gas, metal ores, construction, transportation and storage, trade, electricity and gas production.
For instance, the report said crop production grew by 4.58 per cent in the fourth quarter of 2017 compared to 3.19 per cent in the third quarter 2017.
Crude production, it noted grew by 8.38 per cent in the fourth quarter of 2017 compared to 25.89 per cent in the third quarter of 2017.
It added that Metal Ore grew by 31.86 per cent in the fourth quarter of 2017 compared to 10.70 per cent in the third quarter of 2017.
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